Soybean Futures Extend Losses on Favorable Weather and Crop Estimates

Barchart··USCN·Read original
2▲0 ▼4Impact / 5
Summary · why it matters

Soybean futures extended their decline into Wednesday, with contracts trading 3 to 5 ¼ cents lower at midday. The cmdtyView national average cash bean price fell 5 ¾ cents to $11.28 ¾, while soymeal futures dropped $2.20 to $3.00 and soy oil futures lost 30 to 40 points. NOAA’s 7-day precipitation forecast shows widespread rains of 1 to 4 inches across key growing states including Iowa, Missouri, Illinois, Indiana, Wisconsin, Michigan, and Ohio over the next week. StoneX released its initial 2026 U.S. soybean crop estimate on Tuesday, projecting a yield of 53 bushels per acre and total production of 4.47 billion bushels. In a separate development, China’s Sinograin sold 334,000 metric tons of imported soybeans out of 501,000 metric tons offered at an average price of $594.84 per metric ton in its latest auction.

Impact on assets 4

Digital Finance & Tokenization▼ · 1 stocks
Stonex Group Inc
SNEX
▼ NegativeDemandrelevance

StoneX's initial 2026 U.S. soybean crop estimate projects high yield and production, pressuring prices.

Others▼ · 3 stocks

Off-coverage companies 1

China Grain Reserves Group (Sinograin)Private▼ Negative
Demandrelevance

Sinograin's auction of imported soybeans adds to supply, pressuring prices.

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